“Silver the Poor man's gold, may be an investor's treasure.”
Myra P. Saefong, MarketWatch's assistant global markets editor, reports silver as the investment asset.
She interviewed many analysts and complied their opinions on silver as well as suggestions on the trend of silver price.
Analysts' Comments from the report include:
· "Silver is highly correlated to the safe haven of gold and is, in effect, a leveraged sister of the precious yellow metal," according to GoldCore, an international bullion dealer. "Thus, informed investors use gold more for wealth preservation purposes and silver in order to make a return."
· "Although fabrication demand is important, it is investment demand that tends to have a more dynamic effect on silver prices," said Chintan Parikh, a commodity analyst at CPM Group in New York.
"This is because of the larger dollar volumes of money that can be involved with investment demand, the speed and intensity with which investment demand trends can rise, fall and reverse course, and the ultimately total discretion that investors have over whether they wish to be involved in silver at all," he said.
· "Ultimately, silver tends to exhibit its largest spurts in the latter stages of a major gold up legs," said Zeal's Wright. "Once speculators and investors start to get excited about this metal, it can really fly -- and fast."
Most analysts expect silver prices to match the recent trend of rising gold prices.
Get this report at: www.marketwatch.com/story/poor-mans-gold-may-be-an-investors-treasure-2009-11-13